buyer seller real estate: Short Sale with Multiple Offers
- 09/28/09 04:35 PM
Here in Arizona the competition for a Short Sale can be fierce. The demand for low cost properties can create a multiple offer situation. When representing the Seller, there have been 2 philosophies on how to manage multiple offers on a property. First, the Seller accepts the highest and best offer and only that offer is presented to the bank. All other offers are held in back-up position until the current Buyer withdraws, Buyer's offer is rejected by the bank, Buyer rejects bank's counter-offer or Buyer fails to qualify for financing. In the case where a higher offer comes in after the original … (3 comments)
buyer seller real estate: Pull the Plug on Ameridream
- 09/02/08 11:58 AM
Would it be ludicrous to propose that losing the Ameridream down payment assistance program is not the end of the world? Sure, it's an inventive way to provide Buyers with the opportunity to get into a home with little money out-of-pocket and the Seller does receive a charitable donation on his income tax return but the bottom line is does the program disable us in achieving what really needs to happen in order to improve our current economic condition? First, Buyers need to return to sound financial budgeting practices and wean off of government programs and credit solicitors so they can develop … (11 comments)
Keeping well-educated on current market trends and issues is the best service I can give my clients. Whether a 1st time home buyer, a life change relocation, a 2nd home purchase or a seller which deserves the very best in negotiating skills enhanced by the information gained through blogging. The thriving economic enviroment of Arizona along with affordable housing is a welcoming home for everyone. This is what motivates me to provide excellence in the residential real estate field.
Here in Arizona the competition for a Short Sale can be fierce. The demand for low cost properties can create a multiple offer situation. When representing the Seller, there have been 2 philosophies on how to manage multiple offers on a property.
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